Exhibit 19-1 
Exhibit 19-1 shows the production possibilities frontiers for the countries of Lambda and Beta for fish and coconuts.What can you say about comparative advantage from the information in Exhibit 31-9?
A) Lambda has a comparative advantage in the production of coconuts and Beta has a comparative advantage in the production of fish
B) Lambda has a comparative advantage in the production of fish and Beta has a comparative advantage in the production of coconuts
C) Lambda has a comparative advantage in the production of both coconuts and fish
D) Beta has a comparative advantage in the production of both coconuts and fish
E) neither Lambda nor Beta has a comparative advantage in either coconuts or fish
Correct Answer:
Verified
Q28: In New Zealand one worker can produce
Q29: It is possible for one country to
Q30: Whenever the opportunity costs of goods are
Q31: Exhibit 19-1 Q32: Exhibit 19-1 Q34: Mutually beneficial trade will occur between two Q35: For each watch Denmark produces, it gives Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
